Verizon Profit Beats Analysts Expectations

(New York, NY) -- Verizon is reporting larger-than expected fourth-quarter profit. The second-largest phone company in the country saw just over 31-billion dollars in sales thanks to mobile phone users who increased their spending. Verizon expects to close a 130-billion dollar deal with Vodofone Group next month, which will give Vodofone full ownership of Verizon Wireless.